More than half of the loans aimed at investments could not be achieved without the NHP

The small and medium-sized companies could not taken up more than half of the loans aimed at investments, without the growth loan program (NHP), which significantly contributed to the strengthening of the economy's long-term growth potential – Virág Barnabás, executive director of the National Bank of Hungary (NBH) emphasized at a press conference on Thursday in Budapest.

He told that it is a key issue to increase the productivity of the small and medium-sized enterprises (SMEs) in the Hungarian economy, because in international comparision it is lagging behind the large enterprises. He said that this difference has existed since the regime change, but through the additional development investments the productivity differences could be succesfully reduced in the medium term. (MTI)